Bank of America (BAC)

Symbol(Simbol) Last Trade Name Price Change
BAC 2/10/2012 - 4:00pm
Bank of America C
8.07 0.11
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Bank of America Corporation (NYSE: BAC), based in Charlotte, North Carolina, is the largest financial services company in the world, largest bank by assets, second largest commercial bank by deposits, and (previously) third largest by market capitalization in the United States. Also, Bank of America is the number one underwriter of global high yield debt, the third largest underwriter of global equity and the ninth largest adviser on global mergers and acquisitions.

Bank of America serves clients in more than 150 countries and has a relationship with 99 percent of the U.S. Fortune 500 companies and 83 percent of the Fortune Global 500. The company is a component of the Dow Jones Industrial Average and a member of the Federal Deposit Insurance Corporation (FDIC).[9]

The Bank, once considered one of the winners and healthiest survivors of the 2007 credit crisis, plunged in market value after its purchase of Merrill Lynch.

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last updated: Feb 11 2012 7:31 AM
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